- JP Morgan Cazenove cuts Tesco to neutral from overweight, target cut from 425p to 390p. Deutsche Bank retains hold on G4S, target cut from 294p to 250p.

Goldman Sachs reiterates neutral on GKN, target raised from 268p to 322p.

Exane BNP Paribas cuts Carnival to underperform from neutral, 2200p target unchanged.

JP Morgan Cazenove retains underweight on Amlin, target raised from 360p to 400p.

Jefferies International reiterates buy on Grainger, target raised from 162p to 176p.

Morgan Stanley retains overweight on Petrofac, target cut from 1900p to 1700p.

Morgan Stanley retains underweight on AMEC, target cut from 1220p to 1000p.

Morgan Stanley lifts John Wood Group to overweight from equal weight, target cut from 1065p to 1040p.

N + 1 Singer reiterates hold on Renold, target raised from 20p to 24p.

Beaufort Securities lifts Ariana Resources to buy from speculative buy.

JP Morgan Cazenove reiterates overweight on De La Rue, target cut from 1170p to 1135p.

JP Morgan Cazenove retains neutral on Hiscox, target raised from 553p to 560p.

JP Morgan Cazenove retains underweight on GlaxoSmithKline, target raised from 1550p to 1910p.

Societe Generale retains buy on GlaxoSmithKline, target raised from 1900p to 2000p.

Societe Generale reiterates hold on Cairn Energy, target raised from 280p to 300p.

Espirito Santo reiterates buy Topps Tiles, target cut from 80p to 75p.

Northland Capital reiterates buy on Eland Oil & Gas, target cut from 171p to 161p.

Canaccord Genuity reiterates buy on Kenmare Resources, target raised from 38p to 39p.

Canaccord Genuity retains buy on Brewin Dolphin, target raised from 230p to 285p.

RBC Capital Markets reiterates outperform on Brewin Dolphin, target raised from 220p to 285p.

Credit Suisse reiterates neutral on Tullow Oil, target cut from 1289p to 1270p.

Canaccord Genuity reiterates buy on SQS Software Quality Systems, target raised from 304p to 380p.

At 2:34pm:

[LON:AML] Amlin share price was -0.75p at 416.25p

[LON:CCL] Carnival share price was -9.5p at 2226.5p

[LON:GFS] Group 4 Securicor share price was -1.15p at 247.45p

[LON:GKN] GKN share price was +1.85p at 302.15p

[LON:TSCO] Tesco share price was -7.55p at 365.45p

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